The Nigeria Education Loan Fund has stated that the formal opening of the Students’ Loan portal will commence this Friday, May 24.

Managing Director/Chief Executive Officer of the Fund, Akintinde Sawyerr, stated this on Monday at a Pre-Application Sensitisation Press Conference in Abuja stressing that it will commence with students in federal tertiary institutions.

He said 1.2 million students from federal government-owned universities, polytechnics, colleges of education, and technical colleges would benefit from the first phase of the scheme.

Also, he noted that school fees would be paid directly to students’ institutions.

While calling on students in federal tertiary institutions to visit the website, www.nelf.gov.ng to apply from May 24, the Managing Director said students in state universities and vocation skills centers would apply at a later date.

He said the requirements to apply include the Joint Admission and Matriculation Board admission letter, National Identity Number, Bank Verification Number, and a completed application form from its website.